Trial date set for Elizabeth Holmes regarding Theranos charges

A trial date was set for Elizabeth Holmes, founder and former CEO of Theranos, despite her legal team’s best efforts to receive a one year extension.

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Elizabeth Holmes appeared in a San Jose, California courthouse on Monday for a status hearing relating to the wire fraud and conspiracy to commit fraud charges, according to the Wall Street Journal.

Holmes made her breakout debut in Silicon Valley in 2003 when she founded Theranos, a healthcare technology company that went from innovative to corrupt as news of crooked practices broke in 2015.


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The WSJ reported that attorneys for both defendants used the status hearing as a way to delay the trial-date decision.

CNBC reported that Holmes’s lawyer asked for a one-year extension, stating the team was alerted to four terabytes of new evidence, only that morning, but was denied by the judge.

While previous reports announced that there had been no official trial date set, CNBC San Francisco Bureau Chief Sally Shin reported on Twitter that a judge proposed the trial begin July 8, and all parties agreed upon that date. Shin followed up by reporting that the next status hearing is set for July 1.

Former Theranos President Ramesh Balwani, who faces charges of fraud and conspiracy to commit wire fraud as well, was also at the hearing. According to reports, neither defendant spoke during the hearing.

Holmes and Balwani were charged in June 2018 by the U.S. Attorney’s Office in San Francisco. Together, the duo faces up to 20 years in prison and more than $2 million each in fines, on top of restitution to victims.

Monday was Holmes’s first court appearance since the release of The Inventor: Out for Blood in Silicon Valley, the HBO documentary that aired in March.

Additionally, it was revealed earlier this month that Hulu will be gaining The Dropout, a limited series starring Kate McKinnon as Elizabeth Holmes. The Saturday Night Live star will also act as executive producer alongside Rebecca Jarvis, The Dropout podcast host and creator.


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